Funding you earn now, next payment 04:00 UTC+0.0360%/8h= +39.4% APRnext payment +$1.80 per $10,000 · paid last 24h −0.055%
Price spread now: BingX against KuCoin+0.158%7-day average +0.011% · you sell dearer than you buy
Net, funding: paid 7d − costs−$189as in the Funding arb table
Net, price: spread back to 7d avg − costs−$184as in the Price arb table
costs, in and out, $10k−$1991.986% of the position
Funding, last 7 days+0.100%+$10 on $10k
+Price spread, last 7 days−0.187%−$19 · spread now +0.158%, 7d avg +0.011%
=Both sides work for this trade now. Funding pays +$11 a day on $10k at the current rate, and BingX is 0.147% dearer against KuCoin than usual: you sell high and buy low: +$15 more if the spread goes back to its 7-day average of +0.011%.
The current funding rate is far above what this pair has been paying: over the last 7 days it paid 0.100% in total (about 5.2% a year). A funding rate is set anew for every payment; at this rate the next one is about +$1.80 per $10,000. In the chart: green and red are payments made, yellow is the current rate, not paid yet.
| Leg | Exchange | Price | Funding /8h | Each payment | Next in | OI | Vol 24h | Max lev |
|---|---|---|---|---|---|---|---|---|
| Long | KuCoin PIPPINUSDTM | 0.01900 | 0.1248 | pay 0.0624% / 4h | 1h 33m | $2.1M | $4.8M | 25x |
| Short | BingX PIPPIN-USDT | 0.01903 | 0.1608 | get 0.0804% / 4h | 1h 33m | — | $1.3M | — |
KuCoin PIPPINUSDTM
BingX PIPPIN-USDTFunding history
latest
Range statsloading…
Price spread between the two exchanges
BingX against KuCoin. Falling: the short leg gains. Rising: it loses.latest
Price spreadloading…
Funding on every exchange
click an exchange to add or hide itlatest
How often the price spread is this wide · share of time at each level, last 7D show
Profit calculator
- Funding earned
- $75.6
- Price spread: +0.158% → +0.011%
- $14.67
- Slippage, 4 orders
- −$176.6
- Fee KuCoin: 6 bp × 2 orders
- −$12
- Fee BingX: 5 bp × 2 orders
- −$10
- Net
- −$108.33
- Costs to cover
- 1.986%
- Break-even
- 17.0 days
Slippage from KuCoin: live order book, 4 min ago; BingX: live order book, 12 min ago.
Cost to enter
taker fee + slippage from the mid, one side; closing costs about the same again| Leg | Half-spread | $10k | $100k | $1M | $5M |
|---|---|---|---|---|---|
| Buy KuCoin live order book, 4 min ago | 5.27 bp | 103.0 bp −$103 | doesn't fit | doesn't fit | doesn't fit |
| Sell BingX live order book, 12 min ago | 2.63 bp | 45.7 bp −$46 | 128.9 bp −$1,289 | 312.2 bp −$31.2K | doesn't fit |
PIPPIN on 13 venues
lowest funding first. Swap a leg: a good short leg pays more funding and is priced higher.| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| Pacifica PIPPIN | −0.0778% | 1h | 0.01899 | −0.053% | $18K | $9K | 3x | as long as short |
| Aster PIPPINUSDT | +0.0075% | 4h | 0.01897 | −0.166% | $110K | $33K | 5x | as long as short |
| BloFin PIPPIN-USDT | +0.0087% | 4h | 0.01901 | +0.053% | $253K | $27K | 25x | as long as short |
| Binance PIPPINUSDT | +0.0100% | 4h | 0.01900 | +0.011% | $5.4M | $4.8M | 25x | as long as short |
| Bybit PIPPINUSDT | +0.0100% | 4h | 0.01901 | +0.053% | $3.6M | $1.4M | 13x | as long as short |
| OKX PIPPIN-USDT-SWAP | +0.0100% | 4h | 0.01901 | +0.053% | $1.5M | $3.3M | 20x | as long as short |
| Gate PIPPIN_USDT | +0.0100% | 4h | 0.01898 | −0.105% | $1.8M | $302K | 20x | as long as short |
| MEXC PIPPIN_USDT | +0.0100% | 4h | 0.01899 | −0.053% | $2.4M | $726K | 50x | as long as short |
| SunX PIPPIN-USDT | +0.0100% | 4h | 0.01897 | −0.158% | $1K | $10.1M | 20x | as long as short |
| HTX PIPPIN-USDT | +0.0100% | 4h | 0.01883 | −0.895% | $34K | $14K | 20x | as long as short |
Pacifica PIPPIN
Aster PIPPINUSDT
BloFin PIPPIN-USDT
Binance PIPPINUSDT
Bybit PIPPINUSDT
OKX PIPPIN-USDT-SWAP
Gate PIPPIN_USDT
MEXC PIPPIN_USDT
SunX PIPPIN-USDT
HTX PIPPIN-USDTShow all 13 venues
| Exchange | Funding /8h | Every | Price | Price vs long leg | OI | Vol 24h | Max lev | |
|---|---|---|---|---|---|---|---|---|
| KuCoin PIPPINUSDTMlong | +0.1248% | 4h | 0.01900 | long leg | $2.1M | $4.8M | 25x | |
| Bitget PIPPINUSDT | +0.1586% | 4h | 0.01901 | +0.053% | $1.6M | $325K | 10x | as long as short |
| BingX PIPPIN-USDTshort | +0.1608% | 4h | 0.01903 | +0.158% | — | $1.3M | — |
Bitget PIPPINUSDT